Belmayne's once 'gorgeous living' taken over by Nama

Belmayne, the giant housing development in north Dublin which was launched with a controversial advertising campaign, has collapsed into receivership with debts of €150 million.

13th April, 2013
Belmayne, what was to have been a €1.2 billion housing development on the Malahide Road in Dublin. Photo: Nick Bradshaw

Belmayne, the giant housing development in north Dublin which was launched with a controversial advertising campaign, has collapsed into receivership with debts of €150 million.

The National Asset Management Agency (Nama) has installed receivers over the development, taking possession of 140 apartments and a string of sites earmarked for further development.

Nama's Anne O'Dwyer and Pat Brennan of RSM Grant Farrell Sparks took over Belmayne Ireland Limited, which had ambitious plans to turn the north Dublin...

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